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Talen Energy Expands Its Portfolio in PJM by Acquiring 2,904-MW of Combined-Cycle Facilities

LCG, July 18, 2025--Talen Energy Corporation yesterday announced it has signed agreements to acquire Caithness Energy’s Moxie Freedom Energy Center (Moxie) in Pennsylvania and Caithness Energy and BlackRock’s Guernsey Power Station (Guernsey) in Ohio. Talen expects the transaction to be immediately accretive to free cash flow per share by over 40 percent in 2026, and over 50 percent through 2029. The net acquisition price is $3.5 billion after adjusting for estimated tax benefits, or approximately $3.8 billion gross.

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Brookfield and Google Sign Nationwide Hydro Framework Agreement to Deliver up to 3,000 MW of Carbon-Free Hydro Power

LCG, July 16, 2025--Brookfield Asset Management (BAM), together with Brookfield Renewable (Brookfield) and Google yesterday announced a first-of-its-kind Hydro Framework Agreement (HFA) to deliver up to 3,000 MW of carbon-free hydroelectric capacity across the nation

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Industry News

Diesel Problems Keep Seabrook Off-line

LCG, Dec. 15, 2000--The 1,150 megawatt Seabrook nuclear power plant in southeastern New Hampshire shut down October 21 to refuel and was expected back on-line by November 21, but continuing problems with a back-up diesel generator have prevented a restart and it appears they will continue to do so, a minority owner of the plant said yesterday.

Bay Corp Holdings Ltd., the parent company for Great Bay Power Corp. and Little Bay Power Corp., said that repairs to the diesel had been expected to be accomplished by the middle of this month, but haven't been. When mechanics tested one of the diesel generators recently, they broke it.

Seabrook is mostly owned by Northeast Utilities subsidiary Public Service Co. of New Hampshire and is operated by North Atlantic Energy Service Corp. North Atlantic is now projecting that the plant will be returned to service at the end of January.

Bay Corp got out a news release to explain the outage is costing it a lot of money for replacement power it must purchase at high rates to cover the 174 megawatts it isn't getting from Seabrook.

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